Average US Retirement Savings Is $168K, Survey Says

Average US Retirement Savings Is $168K, Survey Says

A recent survey of 1,000 Americans conducted by ConsumerAffairs found that the average amount saved for retirement across all age groups was $167,944, while Baby Boomers had the highest amount saved at $404,664.
Other key takeaways:

  • 71% of Americans said they will rely on savings outside of their employer-provided retirement plan, while 64% will rely on their work retirement plan;
  • Only 9% of Americans said they are not actively saving for retirement;
  • 22% of Americans said they will rely on cryptocurrency investments for retirement;
  • 66% of survey takers who fall within the Gen Z age group want to retire before the age of 60, and 56% believe they’re on track to do so; and
  • Only 14% of retirees believe they’ve achieved their dream retirement situation, while 26% remain very worried about money. Read the full survey.

Published by

Darryl Hicks

Darryl Hicks is Vice President of Communications for the National Reverse Mortgage Lenders Association. In this capacity, Hicks writes for NRMLA's publications, manages the association's web sites and social media accounts, assists committees and the Board of Directors, and manages the Certified Reverse Mortgage Professional designation. Prior to joining NRMLA in 1999, Hicks spent three years in the Washington, D.C. bureau for National Mortgage News.